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to break rank, saying he could support president obama's tax proposal. coburn joins a growing chorus of republicans from outside the house of representatives, urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. however, as we mentioned, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns, favoring closing tax loopholes and capping deductions. to raising taxes. >> now, the revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> so could we just agree right now, everybody around the table, that both sides are talking about tax increases for the rich? >> i think so. >> it's just a difference between do you get tax increases for the rich? do you get the revenue by raising the top rate or by closing loopholes? i mean, that is
clinton. charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced budget. we got it, we won the election and this president is putting politics ahead of everything. megyn: if republicans give president obama the tax rates on the rich what do they have to negotiate with? why would they do it? >> i think president obama has the winning hand. >> he does. >> i'm not sure in the long term -- if there is a recession, either there won't be a recession or there will and the republicans will get the blame. that's and high wire act to do at this point. it's very risky from this kind of elect to take this. he could get 85% of what he wanted -- >> he's also gambling on on
, listen, from obama's opening offer, i was able to salvage the estate tax rates. i was able to salvage the dividends tax rates. i was able to shave off 400 to $500 billion in tax hikes that the president wanted. and on top of that, i was able to secure a promise to do comprehensive tax reform within a year. all from the president's first offer. wouldn't that be at least a little bit palatable to some of the republicans in the caucus? >> i think your word choice is perfect, a little bit palatablp. >> that's all they need. >> the attitude of let's make specific concessions now with regard for other concessions to come down the road, that player to be named later you hear about in trades. i think you're going to get enormous apt of skepticism in the house gop caucus to that. because they feel they've seen this movie before. when you were showing the footage of durbin and boehner, i thought it was footage from the debt ceiling argument. >> but isn't the better alternative which is to see all the tax cuts he e s expire? >> how will he pass the massive obama tax cut without the house? >> i'm
taxes to that. tea party 2 will dwarf tea party 1 if obama pushes us off the cliff. >> so basically what grover nor 0 quist is saying there to the members of the tea party who were elected, have been elected, we'll take everybody who is against us into a primary on the right on the republican side. >> right. >> and so the threat has been issued already. >> that was the point. >> this is like political terrorism. >> well, it's certainly a clear bargaining position. i remember talking to a longtime member of the house running for the senate we were talking about something else, and i said is it worse than when you came in, which was in the late '80s? and he said the central difference is in the caucus, the republican kcaucus. the fear is not a democratic challenge, it's a primary challenge. it's the first time i heard the verb to be primaried. you can ask senator lugar about this. it's real. it's becoming increasingly difficult to cast one or two compromise votes even early on because of this he cecho chambe that kicks in and, to me, what's so scary about it is the president's second term
obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount they're willing to cut. i mean, it is -- it was not a serious proposal. and so right now we're almost nowhere. >> what we will do is continue to take this as a serious matter. this is not a game. we're not interested in playing rope adope. we're interested in trying to solve the problem for the american people so that we don't see taxes go up on anybody, so that we can engage in tax reform, get this economy going again. we're not playing a game. we're being serious. that offer yesterday was simply not serious. >> oh, boy. scrooge, rope-a-dope. where does that leave us after months of
is meant to give president obama a boost when it comes to raising taxes on those who make more than $200,000 a year. the california federation of teachers are trying to spread this thing around. so far there is no world there is this video being played in classrooms. megyn: they just got a whole lot of airtime on fox news. it raises some interesting questions that we do want to debate. thank you. megyn: what does this message say about the people that are teaching our children what they think. we have monica crowley now. you have to laugh a little bit, don't you? another people are very upset. but, you know, i don't know. does it disturb you that the people who put this together are teaching our children? are you shocked that this is the way they think? >> they want to laugh, which is why they put in this comical cartoonish kind of way, so that if you raise legitimate issues, you are considered some sort of humorless person who doesn't really get it. the problem here is twofold. the teachers that put out this video, at least the union made on behalf of the teachers, these were the people
middle income tax cut to the floor. >> reporter: later on today president obama will say that any deal reached in congress must include increased tax rates on the wealthiest americans. he will say that at a factory in hatfield, pennsylvania, where the company connects, makes tinker toys. that is company the white house picked for today's event because they rely on the middle class consumers who would be affected if we go off the fiscal cliff. martha. martha: that will be a major sticking point it sounds like. peter, thank you very much. bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high i
expect those cuts to be made. given the obama victory on november 6th, democrats sense they have somewhat of a mandate to increase taxes on wealthy as we all heard. you hear much less about cutting government spending. to make matters worse, citizens sense government waste, congress, especially senate where most members are committee chairman or subcommittee chairman are inate bias against cutting government spending. this is tom schatz. >> they don't want to give up power, jurisdiction or the money. it is also a lot easier for members of congress to run back home and say i'm fixing this problem by spending money. i'm not fixing the problem by solving the problem, and providing the benefits that people need. >> reporter: cutting spending and attending to constituent needs are often very much in conflict, jenna. jenna: we heard a lot of different strategies, haven't we, doug, the ways to tackle the debt and deficit. is there any alternative that really exists besides cutting government waste and spending? >> reporter: one potential avenue they could take would be to actually fall off the f
class tax cuts. probably didn't hurt that the cofounder of costco was a big obama contributor. before he left, he used the phone of his cart driver, ivy student, to call her grandmother and leave a message. ivy was so moved but the whole experience, she wiped away tears. >> thanks for shopping with me and i know you won't tell anybody what i bought for christmas. >> here's a hint from nat king cole's classic. the "huffington post" held a caption contest for joe biden's checkout photo. our favorite, stopped by for some fire logs. went home with a flag screen tv. 32 inches. jeanne moos, cnn. ♪ new york. >> we should take cameras around when you do your holiday shopping. you do like costco. way too many products for me. i can't do it. that's right. big news for you. this just in. the missouri lottery will announce the winners of last night's record $578.5 million jackpot tomorrow. those winners will be splitting the jackpot with a ticketholder in arizona. that person has not yet come forward. last night's prize is a largest in power ball history and yes, wolf blitzer flew to missouri over
avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect everyone, including the unemployed, as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensation will end for more than 2 million people out of work more than 26 weeks.
republicans well in previous budget negotiations. but the no-taxes-ever-bulwark has not served the country well. and obama would be remiss not to try. go ahead, eugene. >> obama has talked about -- he phrased it as breaking the fever, i think, at one point. this sort of solid wall of adamanting opposition to any sort of tax rate increase ever in the house has been seen as a problem to him from day one. and coming off the election, he's in a stronger political position than he's been in before. his incentive is not to rush into the room, his strength is out among public opinion where that's friendlier terrain for him. whereas once they get in the room, of course, republicans still have power, still have control of the house. >> yeah. >> so there's no great incentive for him to rush to compromise at this point. >> gene, why is -- why is raising the top marginal rate so important to the president as well as liberals across america? why -- explain why the is that so important? >> well -- >> and i'm talking specifically the top marginal rate. not taxes on the rich. because the rich have been sk
Search Results 0 to 11 of about 12 (some duplicates have been removed)